A Case Study Of Nan Yang Shares Cross-Border Merger And Acquisition Topsec

In recent years,the market economy has developed rapidly,and a series of emerging industries,such as electronic information industry and internet big data have formed a strong impact on traditional industries.The wire and cable industry,which belongs to the traditional manufacturing industry,due to slow technological upgrading,overcapacity,rising prices of raw materials and a serious overstocking of inventory,the development of some wire and cable companies has been affected.However,since the wire and cable industry has developed for many years and its potential is limited,it is difficult to achieve self-breakthrough.Therefore,the absorption and integration of high-quality emerging industries through cross-border mergers and acquisitions has become an important method for traditional manufacturing industries to achieve diversified strategic development,change the business situation of the downturn,and enhance the strength of enterprises.Based on the related concepts and theories of mergers and acquisitions,this thesis uses case study method,and takes the cross-border mergers and acquisitions of Nan Yang shares as an example.Firstly,the thesis introduces the basic situation of both sides of merger and acquisition and sorts out the process of merger and acquisition.It is concluded that this mergers and acquisitions is a cross-border mergers and acquisitions by conducted a listed company to seek diversified development.Secondly,it analyzes the motivation of Nan Yang shares cross-border merger and acquisition Topsec from three aspects: diversification strategy development,seeking for new performance growth points and policies and opportunities of information security industry.The thesis also analyzes the integration of Nan Yang shares after cross-border mergers and acquisitions from three aspects: main business,technical personnel and customer resources.Through the analysis of financial performance and market performance after mergers and acquisitions,it is found that this cross-border merger and acquisition has improved the profitability and enterprise value of Nan Yang shares and realized the strategic transformation of the enterprise.Then the thesis summarizes the four risk factors of this cross-border merger and acquisition,namely: the overvaluation of the mergers and acquisitions target makes it impossible to determine whether the promised performance can be achieved and the risk of goodwill impairment,the target industry faces both competition and challenges in the future,and the management of the target company is difficult to integrate.Finally,based on the results of the case analysis,the enlightenment and reference are drawn.Through the study of this case,it is found that the traditional manufacturing industry can promote the transformation and upgrading,and find new profit points for the long-term development of enterprises through merger and acquisition emerging industries with great potential.Under the condition of facing the bottleneck of development,the enterprises that operate the traditional business can use the cross-border mergers and acquisitions experience of Nan Yang shares,and promote their sustainable development through cross-border mergers and acquisitions high-quality enterprises.